Will attract service tax under RCM on Bonus paid to Contractor.

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..... Will attract service tax under RCM on Bonus paid to Contractor.
Query (Issue) Started By: - Swapneswar muduli Dated:- 24-10-2015 Last Reply Date:- 25-10-2015 Service Tax
Got 2 Replies
Servic .....

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..... e Tax
Dear Sir, We are a manufacturer and we avail labor service from various labor contractor so in Diwali labor cpntractor claim the bonus for the financial year 2014-2015. My query is that is t .....

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..... his transaction attract the service taxliability under Reverse Charge Mechanism as these labor contractors are proprietor. If yes then how much % Because this bous related to 2014-15 and that time the .....

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..... service tax was (12.3%) and liable by service receiver on 75% . But at present the service tax % is 14% and liable by service receiver on 100%. On above transaction which provision will attract. Re .....

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..... gards Swapneswar Muduli Reply By Ganeshan Kalyani: The Reply: The bonus paid to the contractor will be considered under Manpower supply service and thereby falls under reverse charge. The service t .....

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..... ax @ 14% will be applicable. Reply By Mahir S: The Reply: Yes sir, the views expressed above are correct.
Discussion Forum - Knowledge Sharing .....

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